one stream cascading from among slopes you is miss moments. but this beauty brings death at a speed of more than two hundred kilometers per. step to launch.

the russian president pledges of drastic measures in a bid to create a better investment climate in the country. decentralizing power and stifling corruption goals voice bites me to name a day to fear at the international economic forum in st petersburg join me at least an hour for more details in just a moment. no concerned no cash u.s. congressmen say they'll cut funding for the libya campaign unless the president gets the profit a constitutional go ahead for the ongoing war obama's and ninety days of action without consent runs out this weekend. and the palestinians are out of pocket after israel holds back millions in tax dollars

leaving tens of thousands of people without their wages. worldwide news or live from moscow city center this is our welcome to the program well russia must modernize its economy in the next few years regardless of who's in charge president it have to be in outlining the country's direction. form of a top business leaders he also warns that the government's larger role in the economy along with corruption threatens development and must be tackled and always of the computers before him cross right now and i need some big and optimistic statements from the russian president there at all it all sounds good but one would imagine there would be some rather big hurdles to overcome. right sounds great especially at a venue like this in the president himself mentioned that the important task now is

to take action on all of these plans for modernization and stated very clearly that russia is facing a lot of challenges when it comes to moving forward his plans for vast modernization across the country and especially in terms of the economy in projects like scope which of course is a plan to develop a silicone valley like center just outside moscow where some of the country's greatest minds will come together and help push forward this plan throughout the future decades modernization was something that came out about his entire team know what speech it was very connected to other problems that the country is facing. he would have at the studios no no let me put my choice is not only a major green you'll have outdated elements in the economy but institutions we need to hesitate to say sorry about many but. we can focus only on the stimulus step that i mean it's a shame that would be a mistake to look at it which we should focus on the following treatment of the

investment climate in russia it's create new jobs in the regions creation of police and other security forces improvement of the effectiveness of the jurisdiction system and finally the modernization of government the drawing board in approaches to the centralizing power. of course those bad habits that the president mentioned have a lot to do with corruption it's no secret that this is one of russia's main challenges when it comes to moving forward with modernization this was the president's message to ross enough to solve that fact. just scraps. of them still got a noose around the neck of those who practice corruption should be coincident and the whole of russia agrees with this without exception to corruption is very difficult to deal with the government should be purged of corruption in the most dishonest if way that young for that purpose we shouldn't hones the way those suspected of corruption was dismissed from public service. but joining me to

speak more about the forum in general and of course some of the points that the president brought up is tom polices president of the science council for local and distant thanks for being with us here in our d.c. i'd like to begin with modernization this is a big thing for president medvedev what do you think is hampering the country from moving forward with this but. i actually think that russia is russia's plans for cooperation with the united states and nuclear power is is actually quite forward for change compared to most other countries surveyed very accurate the director general or also recently. ally in the russia's plans for the development of a that's not where our systems in the united states. with a part in partnership with the united states and other countries. actually is in front of where the united states is right now and hopefully through the operative arrangements with our scientists on the scientists from russia. will be able to.

demonstrate that damaged nuclear power systems are far safer and far more efficient the ones that are in use today. quicker than we could if we built them in the united states so i'm very encouraged a lot of experts and innovators are here from silicon valley and of course russia has plenty it's fake and developing already itself a project obviously silicon valley is going to be an example for them but how when it comes to sitting down and talking and. see. yes like i eric smith health spoke of like get started and really become hot the type of fan you that they want to get . well i live well my body an hour away from silicon valley so this is the this is here to me. i think that the the relationship between the u.s. and russia is it is getting more and more cooperation. and many

of our. large companies in silicon valley were. embraced the opportunity to to share their knowledge and resources with russia. i think if we can manage to. maintain the pace of cooperation and the general feeling of goodwill between the united states and russia which frankly has been accelerated so and so president obama took office. that. will be able to see the plans for a silicon valley of russia probably. work out very well. as a science is what if i switch you have to pass that means they did in terms of pushing forward his plans for my size. well. i have a kind of a special interest in into real fast reactor technology. and several my suggestion would be. to move that forward as quickly as possible

no i think this is going to happen but just to give you a vision of what could happen within five years we could probably see the most advanced nuclear reactor system that's been ever developed built in russia with the cooperation of the united states with the participation of engineers from india china japan south korea which mr korea could talk to both. at the end of that period russia or. demonstrated the system of energy. efficient the soul so. it could provide. a limit of virtually unlimited energy for the entire planet with fuel that we already have all of the ground so it would be. probably the most revolutionary energy system ever ever developed i've never demonstrated it and it could be and hopefully will be demonstrated here in russia. thank you very much for

your time in being with us here in our city as we continue our coverage of the international economic forum here in st petersburg moscow back to writing artes in the tsunami thanks very much. well china may be the world's emerging powerhouse but its leader still sees the global recovery as slow and fragile and more form is needed hu jintao has been speaking at the economic forum in some petersburg a day after failing to agree on a major energy deal with russia let's assess what he's had to say with. an assistant professor of economy at city university in hong kong good to see you so china's economy is racing ahead but your leader is still worried about sluggish recovery how can emerging countries like yours and russia play a part in helping to think. well i think. both thailand or russia i relatively doing well and after the crisis. both economists

will have a lot of to offer their economists are highly complimentary. and i had a big market. wait and see demand and also tended to go in fast and the other and russia has begun to lend size a rich and t. and in many roles. it needs a big market and consumer. so i think fundamentally speaking both countries can be complimentary to each other and they can play a positive role in a global recovery as you're saying it's a complimentary relationship russia has the resources china has the need for the hoped for gas deal no deal was signed as of yet and the price as we know is the big problem how can a reiner in russia reach a compromise that is obviously you know each one's going to want to have the better

side of the deal. well i had no taste for i guess that was a big deal and a lot of money involved so you can imagine that the negotiation will be tough there will be a lot of terms that need to be determined negotiated it takes time but i'm basically optimistic about finding a deal out of italy because the fundamental factors are there and i just said this to call them is highly complimentary to each other so if must if a deal is signed it will be a win win situation i guess it's just a matter of time before a final deal is fine so. i'm not worried too much about whether a deal will be signed it's just a matter of time. to go on this gas deal being being signed and as you were saying you know it stands to be a very very big money investment here the deal would allow you to diversify its exports away from europe help and if you do you think this is going to russia.

well russia used to depend on the european market. for the buyers off this oil and gas but we all know that the european market does look very bright at least for now so russia need to diversify i mean russia need to be more diversified in terms of. getting its gas and oil and other and india and their resources. more diversified in in terms of market so if you. have a more balanced model between europe and east asia which is the most regulated develop the region that you know whole world economy so i think this deal could be . good for russia in the long run now and turning our attention it would be good. to do want. somebody will be good to to china. i mean.

i was to also wasn't worth the fight it's the supply of energy sources for instance it used to depend heavily on the middle east so we all know that recent disturbance there so tiny a hunger for new energy source and suddenly it this way the rich and they can buy a large. amount of gas from russia they have to get a stable and long term reliable and the da resources so that is certainly beneficial if you're saying that the same issue a huge mutually beneficial if with china and russia but also benefit region regional massively regional implications here as well if china can start relying on russia for energy and instead of as you know the troubled middle east area but if i may if i may just change gears for a moment here russia and china united against nato military campaign in libya do you think you think they are able to counter balance western supremacies on the

international problems like things. yeah of course i mean it's obvious that russia and china have a lot of common ground a number of international issues. i guess. and they may be a front. and they russia think it should be peaceful and political resolution rather then military action. to talk about the progress of department of the department of economics and finance of the city university of hong kong many thanks indeed. for u.s. congress members are threatening to cut funding for america's military campaign in libya which is racking up a bill of a least ten million dollars a day but the white house is refusing to ask for congressional approval of military action which is required by law the president is allowed ninety days before asking for a mission and that runs out this weekend he's garnered you can explains. u.s.

lawmakers are saying that president obama has. to either stop waging war in libya or ask for congressional approval the lawmakers claim that the military action will violate the nine hundred seventy three war powers resolution if it does not and by friday and they mean this friday ninety days after the intervention began under the u.s. constitution to wage a long term war the president needs to get authorization from congress and only say the obama administration will certainly find a way to get around the requirement by referring to his right as commander in chief as well as certain legal speed you know to stay the administration has refused to say when it comes to their actions in leadership they call it kinetic military action as a result of that kinetic military action civilians are bombed every day a group of international observers is now in tripoli including the former u.s. congresswoman cynthia mckinney we spoke with her a few days ago she said they've heard and they counted eighty nine blasts in just

one day those are still dealing in neighborhoods eighty nine bombs dropped in just one day there is a lot of concern that the voices of those who are caught up in that war in tripoli go unnoticed in the international community but here in the glass it seems the voices of the majority of americans those who oppose the u.s. military involvement in libya also go unnoticed by the white house the administration continues to stress the cost that they pursuing the b a but some analysts say the administration also seems to be in denial when it comes to the will of their own people regarding the issue as well as constitutional procedures legal experts say there is not much congressman can do to force the president to comply at least with the u.s. constitution because there are ways to get around ways the obama administration seems to be using extensively most congressmen now criticize president obama for as they say ignoring congress but capitol hill observers say it's mostly political games that the lawmakers are playing to score points by snubbing the president come

the day to actually vote. majority of them will vote for more military spending as they always do but there is a small bipartisan group of congressmen ten people in it who went further than verbal rebuke sent they sued president obama on the grounds that he's violating the constitution but everybody here knows that the lawsuit is certain to be dismissed on procedural grounds because the u.s. supreme court has determined that members of congress do not have standing to file such a suit and this is where it hits a dead end that it makes me wonder whether or not u.s. lawmakers actually have the capacity to effectively represent the people. reporting right there where you are with are coming up for you shortly it's a woman's world at the bottom. we join a russian filmmaker during her eleven month research expedition in antarctica to hear why she's drawn to work in icy isolation. and i let's get some other stories from around the world this hour the syrian

security forces have expanded their assault deploying tanks into northern towns the violent crackdown on anti-government protesters has already forced over nine thousand to seek refuge in turkey the syrian army's actions against its own people have been denounced by turkey's leader human rights groups say more than fourteen hundred have been killed since march. a top saudi official says the yemeni president. will not return although it's unclear where he will stay there was no detail as to whether the decision was taken by sunday himself anti-government demonstrations have been taking place in yemen fro the three months to force him to quit he flew to saudi arabia for treatment after being wounded in. greece has appointed a new finance minister in a major government reshuffle to try and stave off a catastrophic collapse of the economy leaders are trying to force through the three unpopular cuts which violent street protests this week greece needs to secure

billions of euros in a second. bailout france and germany are desperately trying to secure a private funds to help out as the major economies struggle to keep the euro afloat . but israel has been holding back millions of dollars of palestinians money leaving thousands of people without any wages tax revenue that's supposed to be passed back to the palestinian people but since hamas and fatah political parties reconciled the payments have stopped. has been meeting some of those who are suffering at the shop and. i look we are gods the palestinian ministry of finance his job is to check everything that comes into this building but he has no control over what goes out least of all his salary which is paid by the ministry and sometimes comes long overdue out of my salary comes later it's like my life stops i simply cannot do anything i have a wife and four children to feed and when i don't get paid on time it makes lots of

problems for me and my family. i want to leave the ministry get its money from the israeli government it comes in the form of customs and tax treaties their television been collecting on goods arriving at israeli ports and destined for palestinians the arrangement since one thousand nine hundred three is part of the oslo accord giving television control of the international borders between israel and the palestinian territories with the money transferred each month to the palestinian ministry of finance which uses it to pay wages except now we're talking about the german foreign. minister mr. astley one of the military they were freed the situation still. palestinians fear that tell of of could again choose to withhold tax money like it did last month israelis argue they have every right to do so if they suspect the money could be used for buying weapons this salaries to the hamas terrorist paid for the same bank account so i don't want to find these terrorist.

palestinians insist the money's for ordinary workers it is. sore because it's a punishment but on the other hand it's a punishment it's a collective punishment that would mainly weaken the moderate elements within the palestinian society and play into the hands of the extremists the relationship between hamas and fattah is a turbulent one but both groups are trying hard to work together ahead of september's planned declaration of statehood no doubt israel will be working even harder to thwart them. should it feel its interests are threatened policy r.t. . twenty minutes past the hour here in moscow to work in some of the world's hottest conditions you need to man up and muck in on the kinds of one and it's bringing an essential woman's touch to the tough life sean thomas has been that to me. as

a filmmaker olga stuff and over like the penguins and seals but for her and arctica is about something much greater still that i had that. even though it seems like this is a naked land make it stone to cliff's nothing special snow like ana's snow but what happens inside of you when you are here for the whole year and are removed from all other external factors is a very valuable experience. staying through an antarctic winter is serious business and so every member of a winter team has a specific purpose and they rely on each other to make it through all go is one of only a few women to have ever been allowed to be a part of this experience. olga ended up on our team was a big bonus for us it's the first time such an intelligent young woman with such high professional objectives has been on the winter team stephanie made her existence heck last year of course there were some difficulties and attractive girls with fifteen men for eleven months so there was some difficulty but we've

learned to manage them all this experience in wintering a billing house and gave her a true rare opportunity to experience and document life here in antarctica now she's working to expand on her project and find an audience for her work but she just that the right now and putting the finishing touches to the second part of the film the first one is already finished it's called weathering the wind or the second pirates will probably be called this season and it will feature of the antarctic summer. to debut her documentary olga invited some special guests the same antarctic winter team who are the subject of her film. fact that makes her slightly nervous you know she watches but i love and respect them they're close and dear to me and they have such huge background knowledge they know people in the film they know their winter season firsthand they have been through this themselves i did wolf and you pull off leash as for the thoughts of those who have

seen the film. this film makes a big impression on you there may be some shots that expose our professional actions by a couple of members of our team but to show that the way it was to show that the way she saw it and it was spectacular. a unique look into a world that is inaccessible to most in antarctica sean thomas r.t. . and from the snowy south to the summer sun of some petersburg next it's back to the economic forum with business. i'm mad très a life from st petersburg where this time of year the sun never sets on russia's northern capital for the st petersburg international economic forum good to have you with us the undisputed the highlight of the day the address by president medvedev talking about innovation modernization and making a special emphasis on technology here at the forum he highlighted beyond x.

and mailed out roos i.p.o.'s is being examples that other companies can follow of important technical tech companies that should be examples to other businesses looking to do work in russia those good examples of russian homegrown businesses that have done good on international markets he also talked about the importance of the ten billion dollar state back private equity fund something that he hopes will spur innovation and. growth in russia's market also he touched on the expansion of the thirty billion dollar state asset sale program that he says was also benefit the country's economy. government doesn't need such loans amounts of truth it has only through skate you fool privatization of major companies the implementation of these plans is necessary but they're very modest the government has until the first of the scale

of trying to time as they should in order to resolve this i'm sure we'll be able to go through with it in a movie transparent way to attract a fictive front the best is the generate sufficient funds for the russian budget. and carrying on with that theme of transparency transparency and openness to things he said here are absolutely critical to the development of business in russia something that will go ahead and ahead with russia's eventual at session to the w t o. business none of these people go into business men have a say good market so just like parachutes looney would be the case with russia is that we will fool home to me be. true to him but you know that's why willow barry is usually basement looking the fool to funland membership in the state on the beach and you know you see it but it's the pulling out a few little. two things he also said was help spur growth and investment in

a rush hour and that the country needs less regulation and red tape surrounding business starting up and in foreign businesses doing business in russia he also said that there needs to be more efficient development in russia he said that there shouldn't be state capitalism in the country but rather the role of government should be strengthening and fostering an atmosphere of economic prosperity in the country now for more on all this for more perspective i'm joined by a french off the head of a.t.p. thank you very much for joining us here on business our chief so you've been doing business in your russia for several years now how's the environment for business change in your tenure well that's come and gone the last two years we have seen a severe crisis here in russia with negative growth of about eight percent to sales nine we have seen four percent plus the last you know we're looking for about four to five percent this year is certainly it's much prove my comparison to the last twenty years are we seeing more companies coming out of the russian market where we

saw foreign direct investments coming into russia last year more than in the previous one and we expect also that this year the growth of foreign direct investments will continue it would perhaps not be such a big boom until the as a into the cause to sell than aid but anyway things are improving health very good that the government's privatization plans are supposed to boost competition in the country how do you think this will affect foreign companies in russia would certainly also have effects on foreign companies first because there might be sharing a part of the privatization second there might also have. in. modernizing these companies who are going to be privatized and to certainly increase competition but also what they say be interesting for these companies who are used to competition in the countries to come from in europe there is certainly more competition and so market stake here in russia and finally one of the challenges facing international companies want to set up shop here. i mean let's put it clearly in there is so it

looks of complaints on two dates of all it's broken see but we have to have the president today saying that he tries to reduce her critic receive just there is complains about corruption also the president has again as stated he's going to fight corruption with his political instruments and certainly from the investors would come if there would be a movement in that direction all right thank you very much frank shaw for joining us here on our team business now we have some important news to tell you about more and ideals have been put to paper here in st petersburg johnson and johnson and the skolkovo have agreed to invest thirty million dollars to support russian medical start ups also nissan increasing its ownership in russian carmaker. gazprom and american shell also creating a joint venture to develop a loyal infrastructure in hard to reach areas of the country and also have some b.p. news to share with you this regarding a important deal in russia.